This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.Need a new registration confirmation email? Click here

Vipshop Holdings Ltd (VIPS): Today's Featured Internet Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Vipshop Holdings (
VIPS) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day down 0.9%. By the end of trading, Vipshop Holdings fell $10.21 (-6.8%) to $140.37 on heavy volume. Throughout the day, 2,129,247 shares of Vipshop Holdings exchanged hands as compared to its average daily volume of 1,268,100 shares. The stock ranged in price between $138.75-$150.66 after having opened the day at $150.56 as compared to the previous trading day's close of $150.58. Other companies within the Internet industry that declined today were:
SouFun Holdings (
SFUN), down 8.9%,
CRITEO (
CRTO), down 7.4%,
ChinaNet Online Holdings (
CNET), down 6.2% and
58.com (
WUBA), down 5.9%.

Vipshop Holdings Limited, through its subsidiaries, operates as an online discount retailer for various brands in the People's Republic of China. Vipshop Holdings has a market cap of $8.4 billion and is part of the services sector. Shares are up 80.0% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Vipshop Holdings a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates
Vipshop Holdings as a
hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.